$550,000
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4446 Morrison Street, Niagara Falls (downtown), ON L2E2B3

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Rare Permit-Ready Multifamily Development Opportunity in a prime location within walking distance to Niagara University, City buildings, the new GO Transit station, and the international bridge to the USA.Fully approved site plan with building permit ready for construction of a six-unit residential rental project consisting of two semi-detached buildings. Each building includes three spacious three-bedroom units, including basement apartments, designed to meet strong and growing demand for larger family-oriented rental housing.The property benefits from a demolition permit already issued, which may result in reduced development charges compared to a typical new build. In addition, recent federal housing initiatives regarding HST on new residential construction may provide further financial advantages for qualified projects. Buyers are encouraged to conduct their own due diligence to fully understand applicable incentives, exemptions, and cost savings.Based on market rental estimates of approximately $2, 200 per unit per month, the completed project may achieve gross annual rental income of approximately $158, 400. Using standard vacancy and operating assumptions, the project presents the potential for strong long-term rental performance once stabilized.This offering presents an excellent opportunity for investors or developers seeking a small-scale multifamily project with approvals already in place, significantly reducing development timelines, entitlement risk, and potentially lowering overall development costs.A rare chance to acquire a fully entitled six-unit rental development in a high-demand and rapidly evolving area. (id:58753)

Listing By: SHIRZAD HAMADAMIN - RE/MAX NIAGARA REALTY LTD, BROKERAGE cncrea2 Realty.com
  • MLS® X12893760
  • Date Listed03/18/2026
  • Days on Realty 77 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Morrison and Saint Clair. ** Directions: Morrison Street north of Victoria Avenue.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for L2E2B3

Discover key demographics, population statistics, and environmental insights for the Niagara Falls (downtown), ON area.

Walkability in ON / L2E2B3

Source: Walk Score

85/100

Very Walkable

Walk Score ®

44/100

Some Transit

Transit Score ®

75/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

14 nearby routes: 12 bus, 2 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 38/100, Transit Score: 24/100, Bike Score: 44/100.

Points of Interest near 4446 MORRISON STREET, Niagara Falls (Downtown), ON L2E2B3

Frequently Asked Questions for 4446 MORRISON STREET

Source: Realty.com

4446 MORRISON STREET, Niagara Falls (Downtown), ON L2E2B3 in Niagara Falls (Downtown), ON L2E2B3 is a land listed at $550,000. Realty.ca has 6 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 6 photos of 4446 MORRISON STREET.

The full address for this home is 4446 MORRISON STREET, Niagara Falls (Downtown), ON L2E2B3.

4446 MORRISON STREET has been listed on Realty.com since Wed March 18, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 38/100, Transit Score: 24/100, Bike Score: 44/100.

Listing provided courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE
Listing agent: SHIRZAD HAMADAMIN

This content last refreshed on 2026-06-03 22:20:11. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.